Low-income tax filers and families should especially take a close look at tax credits while they file their tax returns. The ...

For tax year 2024 (filing in 2025), the child tax credit is worth up to $2,000 for each qualifying dependent child who was ...

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Vs Union of India & Ors., the petitioner challenged a notice issued under Section 148 of the Income Tax Act, 1961. The notice, intended to reopen the assessment for the year 2020-2021, was contested ...

Ministry of Finance addressed revenue loss and benefits related to tax incentives for corporates. From Assessment Year (AY) 2020-21 to AY 2024-25, companies claimed various income tax exemptions and ...

The Earned Income Tax Credit (EITC) is a federal tax incentive aimed at supporting low-to-moderate-income workers.

Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during ...

Most states still levy taxes on their residents at graduated rates, but not here. In fact, Arizona helped to kick off a mini ...

More people are making legal sports bets on the Super Bowl and March Madness. But what do gamblers need to know at tax time?

The amount you pay increases as you add schedules. For instance ... National Society of Accountants. “2020–2021 Income and Fees of Accountants and Tax Preparers in Public Practice,” Page ...

As the 2025 tax season kicks off, many Americans are preparing to tackle the task they often dread: filing their tax returns. While the official deadline to submit your 2024 income ...

When it comes to debate about tax matters, our political leaders on both sides keep serving up a stale cheese sandwich when what is needed is a banquet of reform. The fact that a plan to allow tax ...